Portuguese firms Cerealis and Better Foods have agreed to combine their milling activities in a new jointly owned business. The agreement covers Cerealis Moagens and the milling units of Better Foods – Ceres, Germen, Carneiro Campos and Granel. The combined business will be set up as a new company held on a 50/50 basis by the shareholder structures of both groups. Financial details of the transaction have not been revealed. On its website, Better Foods Group describes itself as the “largest” Portugues ...

Core Insights - Akola Group is investing €13 million ($15.2 million) to upgrade its poultry operations in Lithuania and Latvia, with a total investment of €43 million ($50.4 million) planned for the wider business in the 2025-2026 financial year [1][2] Investment Focus - The investment will target production modernization, expansion of incubation capacity, strengthening biosecurity, and enhancing environmental and energy efficiency solutions [2][3] - Specific projects include the implementation of AI-based carcass preparation technology and renovation of an incubation facility to produce up to 45 million day-old chicks [4] Financial Performance - In the 2024-2025 financial year, Akola's poultry operations generated €325 million in sales with a gross profit of €69 million [2] - For the first quarter of the 2025-2026 financial year, consolidated revenue reached €393.9 million, a 2.6% year-on-year increase, while total sales volumes rose 7.4% to 791,415 tons [5] - Operating profit surged 43% to €26.8 million, but net profit decreased by 53.4% to €19.5 million [5] Segment Performance - The food production segment, which includes poultry, flour, bread mixes, and ready-to-eat products, generated €123 million in revenue for the quarter, reflecting a 15% increase compared to the same period in 2024 [6]

Core Insights - Seaboard (SEB) is valued at $4.5 billion and operates in diversified sectors including pork and poultry production, ocean transportation, and various agricultural activities [1] - The stock has shown exceptional performance, gaining 80% over the past year and recently reaching an all-time high of $4,785 [4][3] - SEB has a 100% "Buy" technical opinion from Barchart and is rated "Above Average" by Value Line and "Buy" by CFRA, appealing to risk-tolerant investors [4] Financial Performance - SEB's stock gained 80.11% over the past year and 39.47% in the last month [5] - The stock recently traded at $4,665.50, with a 50-day moving average of $3,741.95 [5] - Seaboard has made 17 new highs recently, indicating strong upward momentum [5] Technical Indicators - SEB has a Weighted Alpha of +99.75 and a Relative Strength Index (RSI) of 83.53, suggesting strong technical momentum [5] - The Trend Seeker "Buy" signal has been intact since November 5, contributing to a 26.83% gain since that date [2][5] - A technical support level is identified around $4,600.25, providing a potential safety net for investors [5]

Core Insights - AB Akola Group reported consolidated revenues of EUR 394 million for the first quarter of FY2025/2026, a 3% increase compared to the same period last year [1][3] - The Group's gross profit rose by 27% to EUR 56 million, while operating profit increased by 43% to EUR 27 million [2][3] - Net profit surged by 53% to nearly EUR 20 million, reflecting strong performance across various business segments [2][3] Financial Performance - Total trading volume increased by 7% year-on-year, reaching 791 thousand tons [2][3] - EBITDA for the quarter was EUR 36 million, a 34% increase from the previous year [2][3] - The revenue breakdown for the Partners for Farmers segment was EUR 275 million, with a gross profit of nearly EUR 30 million [4][7] Segment Analysis Partners for Farmers - Revenue decreased by 3% to EUR 274.7 million, but gross profit increased by 31.8% to EUR 29.6 million [7] - Operating profit rose by 51.2% to EUR 13.3 million, supported by a large Baltic harvest and the acquisition of SIA Elagro Trade [4][7] Food Production - Revenue increased by 15% to EUR 123 million, with gross profit of EUR 24 million [8][11] - Poultry operations remained stable, contributing to profitability despite market shifts [10][11] Farming - Revenue for the Farming segment was EUR 12 million, with a gross profit of EUR 1.5 million [12][15] - Crop production increased by 8.5%, with significant improvements in malting barley yields [13][14] Other Products and Services - Revenue grew by 15% to EUR 5.7 million, with a gross profit increase of 24.3% [18] - The veterinary pharmaceuticals business saw a 26% sales increase, while pest control revenues surged by 43% [16][18] Overall Group Performance - AB Akola Group is the largest agribusiness and food production group in the Baltics, with FY2024/2025 revenues of EUR 1.58 billion [18] - The Group sold 3.1 million tons of products, achieving a gross profit of EUR 194 million and a net profit of EUR 61 million [18]

Core Insights - The consolidated revenue of AB Akola Group for the first nine months of the 2024/2025 financial year exceeded EUR 1,165 million, a 3.59% increase year-over-year [1] - EBITDA for the same period reached EUR 71 million, marking a significant 34.83% increase compared to the previous year [1] - Net profit more than doubled to EUR 31.8 million, reflecting strong operational performance [1] Revenue and Profitability - The Group sold 2,417 thousand tons of products, a 2.81% increase from the previous year [2] - Gross profit for the nine-month period increased by 17.18% to EUR 130.33 million [3] - Operating profit rose by 46.80% to EUR 47.1 million [3] - The third quarter revenue amounted to EUR 404.2 million, a 3.96% increase from EUR 388.8 million in the same period last year [3] Segment Performance - The "Partnership with Farmers" segment generated revenue of EUR 851.7 million, accounting for 68.1% of total revenue, with a gross profit of EUR 65.4 million [5] - The "Food Production" segment, which represents 28.2% of total revenue, saw a significant increase in performance, with operating profit growing to EUR 24.985 million and gross profit increasing by 42% to EUR 57.5 million [8][9] - The poultry segment's gross profit surged by 92.9% to EUR 44.46 million, driven by favorable market conditions [10] - The "Farming" segment generated EUR 38.8 million in revenue, a 5% increase, with dairy farming performance improving significantly by 163% [13][14] Market Conditions - The agricultural machinery market has faced stagnation due to high loan interest rates and delayed support payments, but expectations of a good harvest are leading to increased activity in sales [7] - The Group's factories produced significantly more porridge and noodle packages, with total product sales volumes increasing by 23% year-on-year [12]